Graham Corp. to increase dividend

5:23 PM,
Jan. 31, 2013

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Staff reports

Being a dividend investor in Graham Corp. is becoming a little more lucrative.

The Batavia-based industrial equipment maker said Thursday that it would boost its quarterly dividend by 50 percent - from 2 cents per share to 3 cents. The first such dividend payment will be later this month.

In a statement, CEO James R. Lines said the dividend hike "confirms the board's confidence in our ...